There is not a hard-fast rule of exactly what a white collar crime is in Florida or any other state.  It is generally agreed upon that a white collar crime is a non-violent economical crime, a crime involving environmental laws, or corporate crimes. These crimes are generally committed by people in the business world, and usually for financial gain, according to our white collar crime attorneys.

If a person sees you walking from a bank teller and holds you up with a gun and takes your money, he is committing a crime. However, if someone is sitting in an office and they use their computer and information gained from their profession and go into your account and transfer your money to someone else. They have robbed you just like the man with the gun. But the businessman has done this in a non-violent way. That is why it is called a white collar crime. It is still a crime and handled as such. Both thieves must face the same justice system.

Types Of Crimes That Are Considered White Collar Crimes

The following list contains crimes that are commonly accepted as white collar crimes. This is in no way all the crimes that can fall under this heading.

  • Fraud
  • Embezzlement
  • Money laundering
  • Credit card fraud
  • Identity theft
  • Insurance fraud
  • Medicaid fraud
  • Welfare fraud
  • Tax evasion
  • Investment schemes (of various kinds)
  • Counterfeiting
  • Computer fraud
  • Insider trading
  • Blackmail
  • Bribery
  • Racketeering
  • Extortion
  • Various types of money scams

As you can see, this is a way for people to use their computer, telephone, the internet, and threats to take money or make money at the cost of someone else. Sometimes these crimes are done with the knowledge of a fearful victim that does not know what to do and other times the crime is done before the victim even knows it was happening. In any case, the justice system in Florida takes this very seriously, and there are very harsh consequences for committing a white collar crime. For this reason, it’s important to work with a white collar crime lawyer.

Are White Collar Crimes Misdemeanors Or Felonies?

Some white collar crimes are misdemeanors. It depends on the amount of money that was involved, the depth of the crime, how complicated the scheme was and how many people were affected. If the crime is considered minor enough, it may be charged as a misdemeanor. This means the defendant will pay fines of anywhere from $500.00 to $1,000.00 and serve anywhere from 6-months to 1-year in jail.

If the crime is more complicated and larger with large amounts of money involved, it can be tried as a felony. Felony convictions of white collar crimes are tough. They vary from charge to charge, and the amounts of money involved do affect the fines and jail time. Here are a few examples:

  • Bank Fraud

Bank fraud is also a federal crime. The penalties for this crime are a fine of up to $1,000,000 dollars and up to 30-years in jail.

  • Money Laundering

A conviction of money laundering charges brings a fine of twice the amount of money you laundered, up to $500,000 dollars and a prison term of 7 years.

While both crimes are federal offenses and all are white collar crimes, the penalties are very different.

For more information, contact a white collar crime attorney today.